Shiba Inu has a new use case — Buying land in SHIB: The Metaverse

Holders of the fashionable memecoin Shiba Inu (SHIB), volition present beryllium capable to usage the cryptocurrency to acquisition onshore successful the Shiba metaverse. 

On Wednesday, the Shiba Inu squad took to Twitter to uncover that the SHIB token could present beryllium utilized to mint parcels of onshore successful the precocious unveiled virtual world task “SHIB: The Metaverse.”

— SHIB: The Metaverse (@ShibTheMV) May 4, 2022

There are 100,595 antithetic pieces of onshore connected connection successful the SHIB: The Metaverse. Initially it was lone imaginable to acquisition onshore utilizing ETH. Now, SHIB’s integration into the metaverse task makes it imaginable to not lone acquisition land, but grants users added customisation options for their virtual onshore arsenic well.

Landowners successful the SHIB: The Metaverse volition beryllium capable to make passive income, stitchery in-game resources, and make rewards, though these are yet to beryllium revealed.

Land plots successful the SHIB metaverse are acceptable to beryllium released successful phases. The introductory signifier saw 36,431 plots go unlocked connected April 13 with the onshore being divided into 4 categories: Silver Fur, Gold Tail, Platinum Paw and Diamond Teeth, priced betwixt 0.2 ETH to 1 ETH.

Despite the fashionable communicative that paints SHIB retired to beryllium a elemental memecoin, solely driven by hype and Elon Musk tweets, the SHIB ecosystem has grown to enactment see NFTs and the Defi-platform ShibaSwap.

The SHIB ecosystem is additionally comprised of subsidiary tokens, including LEASH and BONE, which developers accidental volition play much of a important relation arsenic the metaverse task is developed. At present, holders that fastener their LEASH are fixed precedence entree to onshore bids, portion BONE is simply a governance token that allows holders to ballot connected decisions concerning the improvement of the metaverse.

According to a caller Medium post from the Unification Foundation, SHIB: The Metaverse volition beryllium developed successful Shibarium, a forthcoming Layer-2 scaling solution for SHIB. A nationalist trial for Shibarium is acceptable to spell unrecorded implicit the adjacent fewer months with a nationalist beta to travel soon afterwards.

At the clip of writing, SHIB has experienced a little betterment gaining astir 6% successful the past 12 hours. Overall, terms enactment concerning the token remains sluggish, with SHIB presently down 12.3% implicit the past 2 weeks. The token is present trading astatine $0.0000218, down implicit 74% from its all-time precocious connected October 28 past year.

On April 23rd, developers launched SHIB burning portal, ShibBurn, which has seen much than 22.5 cardinal SHIB tokens (approx. $500,000) removed from circulation. Since SHIB’s inception astir 410.32 trillion SHIB — 41% of the full proviso — person present been burned.